Last updated on April 24, 2014 at 10:51 EDT

Maurel & Prom Nigeria – Operational Update

January 18, 2012

PARIS, January 18, 2012 /PRNewswire/ –

It was reported by Seplat Petroleum Development Company Ltd, the operator company of
OML 41, that the outbreak of fire on two of the supply flow lines from Ovhor-2 well had
impacted production earlier this week.

The corresponding well was shut in and the fire extinguished.

The cause of the fire is under investigation. Normal production is expected to resume

More information : http://www.mpnigeria.com

This document may contain forward-looking statements regarding the financial position,
results, business and industrial strategy of MP Nigeria. By nature, forward-looking
statements contain risks and uncertainties to the extent that they are based on events or
circumstances that may or may not happen in the future. These projections are based on
assumptions we believe to be reasonable, but which may prove to be incorrect and which
depend on a number of risk factors such as, fluctuations in crude oil prices, changes in
exchange rates, uncertainties related to the valuation of our oil reserves, actual rates
of oil production and the related costs, operational problems, political stability,
legislative or regulatory reforms, or even wars, terrorism and sabotage.

SOURCE Maurel & Prom Nigeria

Source: PR Newswire